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7 U.S.C. § 925 — Loan feasibility

submitted 90 years ago by Pub. L. 101-624 to r/title-7-AGRICULTURE · 59 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

The Secretary may not, as a condition of making a telephone loan to an applicant therefor, require the applicant to—

(1)

increase the rates charged to the applicant’s customers or subscribers; or

(2)

increase the applicant’s ratio of—

(A)

net income or margins before interest; to

(B)

the interest requirements on all of the applicant’s outstanding and proposed loans.

Source credit: (May 20, 1936, ch. 432, title II, § 204, as added Pub. L. 101–624, title XXIII, § 2355, Nov. 28, 1990, 104 Stat. 4039; amended Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221; Pub. L. 115–334, title VI, § 6602(b)(2), Dec. 20, 2018, 132 Stat. 4776.)

history & why it existsrecord from the source credit
  • 1936Enacted · Pub. L. 101-624 · 104 Stat. 4039
  • 1994Amended · Pub. L. 103-354 · 108 Stat. 3221
  • 2018Amended · Pub. L. 115-334 · 132 Stat. 4776

A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-624 on 1936-05-20.

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